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Commissioner Pierre Moscovici acknowledges Malta’s debt and deficit reduction efforts
Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici has recognised Malta’s success in containing and reducing the national deficit and debt, whilst noting that Malta’s economic performance has exceeded the EU average. Press Statement by the Ministry for Finance Commissioner Moscovici stated this during the discussions held with the Minister…
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‘Once debts are honoured we are ready to be flexible’
“Once Greece is committed to honour its debt obligations, Malta is in favour of flexibility that would allow Greece some fiscal and economic latitude in order to continue addressing the economic and social consequences of the crisis. But the Greek authorities should work within the context of the current programme in order to ensure a…
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Malta seeks assurances that Greek debt will honoured ahead of concessions
Speaking during a meeting for euro area Ministers for Finance held on 11 February 2015, the Minister for Finance Prof. Edward Scicluna said that Malta is requesting assurances that the Greek debt will be repaid in full, before any concessions are discussed. During the euro area meeting, the Ministers for Finance had the first opportunity…
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Press statement by the Ministry for Finance
“The Minister for Finance notes the information released publicly worldwide by the International Consortium of Investigative Journalists (ICIJ) in collaboration with various news outlets, and which pertains to HSBC Swiss accounts as associated to account holders from various countries, including Malta. The Minister for Finance has immediately initiated a process by means of which he has…
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Courtesy call from IMF Executive Director Carlo Cottarelli
The Minister for Finance Prof. Edward Scicluna received a courtesy visit from International Monetary Fund (IMF) Executive Director Carlo Cottarelli on Friday 6th February 2015. During the visit, Minister Scicluna and Mr Cottarelli discussed the improvements to the Maltese economy brought about by this Government, including the restructuring of various state-owned corporations. [nggallery id=242]…
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Malta ranked as the country with the second highest rate of projected economic growth
“In its Winter Forecast, the European Commission projects a sustained fall in both the deficit and debt ratios, thus boding well for the upcoming Excessive Deficit Procedure decision,” said the Minister for Finance Prof. Edward Scicluna. The Finance Minister was commenting on the publication of the European Commission Winter Forecast 2015, published on 5th February…
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Courtesy Visit from UAE Director General of Insurance Authority
The Minister for Finance Prof. Edward Scicluna received a courtesy visit from His Excellency Ebrahim Obaid Al Zaabi, Director General of Insurance Authority in the United Arab Emirates on Wednesday 28th January 2015. During the meeting, Minister Scicluna and H.E. Obaid Al Zaabi had occasion to discuss various issues of mutual interest to the Maltese…
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Government successfully containing public expenditure
Figures published by the National Statistics Office (NSO) on general government expenditure confirm that the Government is successfully containing public expenditure, while at the same time sustaining crucial education, health, and social protection programmes. PRESS STATEMENT BY THE MINISTRY FOR FINANCE The figures published on Wednesday 28th January 2015 show that the General Government Expenditure…
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Yes to Reasonable Concessions, No to Debt Write-Off
At the Eurogroup Session held on Monday 26th January 2015, Eurozone Finance Ministers were informed of the latest developments regarding the recent Greek elections. Discussion on this issue will be postponed to the February session. PRESS STATEMENT BY THE MINISTRY FOR FINANCE In comments to the media following the meeting, the Minister for Finance Prof.…
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102 accountants and auditors receive CPA and PCA warrants and certificates
In all 102 Certified Public Accountant (CPA) warrants and Practising Certificates in Auditing (PCA) were presented by Finance Minister, Prof. Edward Scicluna during a ceremony held at Ministry for Finance in Valletta. PRESS STATEMENT BY THE MINISTRY FOR FINANCE Prof. Scicluna congratulated the accountants and auditors who received their warrants or certificates for their achievement,…